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At the beginning of the year, Zingarella Corporation had $100,000 in cash. During the year, the company undertook a major expansion and the statement of
At the beginning of the year, Zingarella Corporation had $100,000 in cash. During the year, the company undertook a major expansion and the statement of cash flows reported the following:
- cash from the operating activities = -$192,000, and
- cash expenditures of $800,000 in long term investing activities.
At the end of the year, the companys balance sheet showed $43,000 in cash account. What was the net cash provided by the companys financing activities? a. $1,049,000 b. $935,000 c. $900,000 d. $849,000 e. $743,000
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